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Venture Capital | 29 November 2012

Sequoia Capital, Canaan Partners Invest In AdNear

by Charmi Gutka
 
@charmi
Sequoia Capital along with @Canaan_Partners has invested R35 Cr in location-based mobile advertising platform – Adnear.

The funds raised will used for expansion in to Asia-Pacific region and towards growing the team.

Founded in 2008 by Anil Mathews, Adnear provides based mobile advertising that supports both feature phones and smart phones. It is currently serving in India, Singapore, Australia, and other Asia-Pacific countries.

Global Retailer - Esprit To Exit India By Year End

At a time when India opened up the gates of FDI into multi-brand and single brand retail, there comes Esprit’s plan to exit the Indian market by the end of 2012.

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La Opala To Raise Funds From WestBridge

La Opala RG Limited is raising INR 552.7 Mn by issuing 5,02,468 Equity Shares at a unit price of INR 1,100 on preferential basis to WestBridge Crossover Fund, LLC. Post the issue which is pending for shareholder consent, Westbridge will hold 4.53% stake in the company.

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